Review of Books on Finance
In keeping with his promise, the author delves into the rationale and genesis of the major economic policy initiatives that emerged during his four-year tenure as the Chief Economic Advisor from October 2014 to June 2018. This was the period that saw major economic upheaval, what with the introduction of Demonetization in November 2016 and GST in 2017
Raghuram Rajan’s Fault Lines makes an analysis of the economic crisis of 2008 with great finesse. Drawing a metaphor from geology, Rajan traces the roots of the global financial crisis to the fault lines created by politics, trade imbalances and the financial structures in place to offset such trade imbalances.
Montek Singh Ahluwalia
Montek Singh Ahluwalia’s book ‘Backstage: The Story Behind India’s High Growth Years’ traces the highs and lows of the Indian economy from 1979 till date with special emphasis on the manner in which the policy reforms of 1991 dismantled a rigid old-fashioned policy regime, integrating India with world economy and making it an economic power to contend with. The book also articulates the belief that a high growth trajectory can be achieved if the government ushers in a new generation of reforms